Banks aren't ready for another crisis - Richard Wolff

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Democracy At Work
Published at : 18 Dec 2020
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"This paper looked at whether or not the biggest banks in America were adequately covered with capital, and could handle a crisis... The two biggest banks in the country couldn't survive for 30 days if we had a crisis of the dimensions we have now." - Richard Wolff

This is a clip from Economic Update: Working Class Power
Watch the full episode: https://www.youtube.com/watch?v=q4AiTSXjxio

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Learn more about Prof Wolff's NEW BOOK, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself," that came out mid-September, on our books page:
www.democracyatwork.info/books

"Indeed, his book is so thorough, so comprehensive in its insightful analysis, that it is a practically a one-stop center for anyone who wants to understand why the year 2020 has been such a dumpster fire." - SALON

Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism"
http://www.lulu.com/spotlight/democracyatwork
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